By THE PULSE NEWS MEXICO STAFF Mexican Finance (Hacienda, or SHCP) Secretary Rogelio Ramírez de la O will need to earmark at least $8.9 billion of federal funds for the state-run oil company Petróleos Mexicanos’ (Pemex) refinery division between 2022 and 2024 in order for the country to become self-sufficent in gasoline production, according to a study conducted by the
Read more
By RICARDO CASTILLO By shutting off the ducts carrying fuel from the state-owned Petróleos Mexicanos (Pemex) in order to stop robbery, Mexican President Andrés Manuel López Obrador (AMLO) opened up a Pandora’s box. His problem is now how to shut it closed again. AMLO’s open declaration of war against huachicol (pronounce wa-chee-kol), or fuel theft, is, 17 days since it
Read more
By RICARDO CASTILLO The good news is that by moving the Mexican Army to take over Pemex oil refineries, refined fuels theft stopped almost overnight. The bad news is that, nowadays, the residents of the Guanajuato, Querétaro, Michoacán, Jalisco and State of Mexico (Edoméx) can´t get a liter of green or red gas for their vehicles. Theft stopped, but the
Read more